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re: ‘Trump is ruining our markets’: Struggling farmers are losing a huge customer- China

Posted on 8/12/19 at 12:42 pm to
Posted by WeeWee
Member since Aug 2012
40255 posts
Posted on 8/12/19 at 12:42 pm to
quote:

Lol, you can't lose markets for commodities. What a bunch of garbage. If china buys their soybeans exclusively from somewhere else, then whoever would normally have bought those beans is going to need to buy their from somewhere. You can't just magically manifest supply


Exactly. China made a huge deal with Russia last week that will increase agricultural exports to China. However to increase exports to China they have to either produce a lot more which is unlikely since they have been having record harvests the last few years or reduce exports to other countries. After China, Russia's next export market is the EU.



American agricultural exports to the EU have increased by $10billion since Trump took office and that does not even include the US-EU trade agreement signed earlier this month.

ETA: China played its only remaining trump card by suspending US agriculture imports. Is it going to hurt the farmers yes, but China has been screwing over the farmers for decades. China is going to have to buy its food from somewhere and that will open up markets elsewhere. Which will benefit the farmers in the long run. Politically it is of no consequence because the dems have written off the rural white voters. If the dems had not spent the last few years shitting on rural white people (which makes up the majority of farming community) then Trump would be in big trouble, but people are not going to switch sides when the other side's candidates are calling them racist and educating them on white privilege or whose family got rich dealing with China and says that "China is not our competitor."
This post was edited on 8/12/19 at 12:57 pm
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